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Evergrande

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  • Evergrande

    anyone keeping an eye on this? because its about to take down the global economy.

    close your eyes, and imagine japan in 1992....

    ok cool now imagine japan is the whole fucking world and its 1992 all over again.


  • #2
    88 bn in corporate debt, 300 bn in liabilities.

    stopped paying employees and contractors so all the buildings they were working on? yeah they arent getting finished.

    blackstone offered to bail them out for 3bn and shit got so fucked up that they walked away from the deal a few days ago.

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    • #3
      too big to fail they will be bailed out nobody wants japan again

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      • #4
        i mean even if china throws half a trillion dollars at this to satisfy the debt, theres another 1.4 trillion in similarly sketchy corporate debt waiting right behind it from the other sketchy chinese scamcorps.

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        • #5

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          • #6
            essential reading tbh:

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            • #7



              Company with $300 billion US debt load poised to miss key interest payment Monday



              Video went viral on social media this month of a 15-tower condo development in Kunming being dynamited to the ground because it was a ghost city with no actual residents, eight years after being built.






              https://www.cbc.ca/news/business/chi...iner-1.6179508
               

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            • #8

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              • #9
                https://twitter.com/TheLastBearSta1

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                • #10
                  Do your prop accounts allow you to short Tine?

                  lordy, lordy

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                  • sonatine
                    sonatine commented
                    Editing a comment
                    of course. thats the beauty of futures. buy long, sell short. as long as there are counterparties and liquidity, the deal gets done.

                • #11
                  Originally posted by Sanlmar View Post
                  Do your prop accounts allow you to short Tine?

                  lordy, lordy

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                  • #12
                    Evergrande...is that like Ariana Grande's new tour or something?

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                    • #13
                      Originally posted by onestep View Post
                      Evergrande...is that like Ariana Grande's new tour or something?
                      More like her Manchester Arena concert.

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                      • onestep
                        onestep commented
                        Editing a comment
                        Lol

                    • #14
                      TOO SOON

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                      • #15
                        thread reminded me of this i think there might be a full version somewhere



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